Finally! $BTC breaking out and closing a 4H candle above resistance.
Bitcoin is now retesting the breakout line. I expect a confirmation as support.
I see strong headwinds because of heightened, persistent inflation and the fed signaling a faster tapering + rate hike. The new Omicron variant brings even more uncertainty.
In the end, I'm trading the charts. If the charts are hinting towards a bullish continuation, I won't stand in the way.
$ETH and $BTC are supposed to bring stability in case either of them goes parabolic and sucks liquidity out of the rest of the market. They should also hold up better in case of the market correcting a bit.